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Monday, February 05, 2007

An Introduction to Software Leasing

Installing new software is a very complicated and expensive undertaking. Software Leasing is a clever option to acquire expensive software solutions. The costs for leasing of software won't go beyond one's current operating budget. Without much expenditure, both start-ups and established companies can have the most state of the art software at their disposal. It is usually prominent leasing companies and software developers who provide software leasing services.

Leasing of software has got many benefits:

  • There is no need for exorbitant cash outlays, deposits or advance payments. Users can thereby control costs and conserve cash reserves and equity positions.
  • Your working capital can be preserved.
  • The costs for acquiring technology are greatly reduced.
  • You can lease either individual software components or an entire software solution.
  • 100% financing of the software costs.
  • With software leasing, users have only to pay the lease fee. Annual payments can be made over time. The leasing payment term ranges from 3 years to 5 years.
  • Negotiability of leasing cycles and payments. They usually comply with debt covenants.
  • Tax Deductible Repayments.

    For software leasing or any other type of IT equipment leasing, do consider the Graphic Savings Group. Our other leasing services include business lease, municipal lease, start-up-lease, medical equipment lease and much more.
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